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Describe how you would use simulation to shed light

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Question: Big Hit Video must determine how many copies of a new video to purchase. Assume that the company's goal is to purchase a number of copies that maximizes its expected profit from the video during the next year. Describe how you would use simulation to shed light on this problem. Assume that each time a video is rented, it is rented for one day.

Reference no: EM131644567

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